Public-Private Partnerships Principles of Policy and Finance

E. R. Yescombe , Edward Farquharson 지음

elsevier 2018년 06월 27일 출간

작품소개

책소개

Public-Private Partnerships for Infrastructure - Principles of Policy and Finance, Second Edition explains how public private partnerships are prepared, procured, financed, and managed from both the public- and private-sector perspectives. As the use of public private partnerships continues to develop world-wide, both in the area of public policy and private financing and contracting, the Second Edition of this leading textbook: Captures and explains the latest approaches, providing a comprehensive all-round guide for those on both the public- and private-sector sides of the tableEmphasises a step-by-step approach within a comprehensive, cross-referenced formatIncludes clear explanations of PPP evaluation, structuring and financing concepts for the benefit of those new to the topic: no prior knowledge is assumed or requiredProvides detailed reference points for more experienced practitionersDraws from the authors?? experience and practice in? PPP markets worldwide?to provide a perspective on practical application of the key underlying principlesIncludes an extensive?glossary of technical and financial terms used in the PPP sectorIncludes more technical information and a stronger legal perspective than other booksEmphasizes a step-by-step approach within a comprehensive, cross-referenced formatExpands and updates the historical backgrounds and political contexts of public-private partnerships

목차

Part I: Introduction 1. Overview 2. What Are Public-Private Partnerships? 3. Cash Flow and Investment Analysis Part II: The Public-Sector Perspective 4. Policy, Legal and Institutional Frameworks 5. The Project Cycle 6. Public-Sector Project Management 7. Assessing Needs, Project Definition and Selection 8. The PPP Decision??Value for Money 9. The PPP Decision??Affordability, Budgeting and Reporting 10. PPP Procurement Part III: PPP Risk Analysis and Allocation 11. Risk Analysis??Theory and Methodologies 12. Risk Allocation??Construction Phase 13. Risk Allocation??Operation Phase 14. The R척le of Insurance Part IV: The PPP Contract 15. Service-Fee Payment Mechanism 16. Changes in Circumstances 17. Termination 18. Public-Sector Support for PPP Contracts 19. Public-Sector Contract Management Part V: The Private-Sector Perspective 20. Sponsors and Other Investors 21. Project Finance and PPPs 22. Project-Finance Debt??Sources and Procedures 23. Financial Structuring 24. Macroeconomic Risks and Hedging 25. Lenders?? Cash-Flow Controls, Security and Enforcement 26. Debt Refinancing and Equity Sale Part VI: Alternative Models ?? Summing Up 27. Alternative Models 28. PPPs??For and Against

출판사 서평

Yescombe??s "Public-Private Partnerships: Principles of Policy and Finance"?is an invaluable tool for those studying or working in the PPP field.? ?Thorough in scope, it covers all the major issues in PPP making it the most comprehensive reference document that has emerged to date. --Jane Peatch, Executive Director, Canadian Council for Public-Private Partnerships ?"Public-private partnerships have become the main mechanism for infrastructure development in Mexico. With this book the author provides us with a powerful tool for analysis, structuring, and financing of this type of operation." --Jose L. Ochoa, Chief Credit Officer of Banobras, Mexico ?"I'm both a researcher and a practitioner in the PPP business, and I had the opportunity to meet Ned Yescombe, sharing with him many views and concerns. He was able to produce a book simultaneously broad and concise, but rich in description and advice. ?Yescombe's book on "Public-Private Partnerships" covers a broad range of issues, providing helpful and detailed guidance for contract design and for tender design. It is useful both for the researcher who needs to understand incentive schemes and for the practitioner who needs to design new contractual mechanisms able to cope with current changes in risk perception and valuation." --Rui Sousa Monteiro, Senior Economist, Parp첬blica, Portugal Mr. Yescombe provides a unique and comprehensive exposition on the processes, players and current practices on structuring PPPs. This book is a friendly introduction to the subject for beginners, as well as a useful reference for practitioners. --Akash Deep, Harvard University

작가정보

저자(글) E. R. Yescombe

저자(글) Edward Farquharson